“Liar, liar pants on fire!” I hate to admit it but these words were just ringing through my head as I finished taking the poll on consumercredit.com. I clicked the bubble with such authority too, thinking “of course I have never been dishonest about money”. As soon as I clicked it I realized that I just lied about lying about money. There’s much too much lying going on around here. The problem is that as human beings we equate money with our self-image, and we defend our own spending habits, sometimes with lies, to make ourselves feel better. I don’t think I’m alone in saying sometimes I do it without even thinking about it.
Just last week I bought a shirt that cost me $43. I admit that maybe I shouldn’t have spent that much money but it was just such a cute shirt and I hadn’t shopped in a while. Anyway, when I got home I immediately pulled the shirt out of the bag to show it to my boyfriend and the words came out of my mouth like word vomit, “It was only $20”. Why did I lie? In this case I think I lied out of guilt. I felt bad that I just blew a stupid amount of money on a shirt.
Recently I was having a conversation with a group of people. When we got onto the topic of credit cards one of my friends claimed “I use my credit card all the time but I pay the full balance off every month.” I know for sure that she does not. Obviously I would never call her out in front of a group of people, but why did she lie? Maybe she’s in denial.
A recent Bankrate Financial Literacy Survey is right in line with this experience. It states that “Seventy-five percent of respondents, for example, claim they don’t make any major purchases on credit cards unless they can pay them off immediately. But 74 percent say they are concerned about being able to pay their credit card bills every month.” Somebody is telling a lie here.
Although the lies I have told are minor, I still can’t sit here and say I have never been dishonest about my finances. Have you ever lied about your finances? Have you been lied to?
Click here to answer our poll question; have you ever been dishonest with your partner or spouse regarding your or your family’s finances?
Stay tuned for the results of the poll at the beginning of next month.